And of Outside Directors

J. Mark Ramseyer

in The Fable of the Keiretsu

Published by University of Chicago Press

Published in print July 2006 | ISBN: 9780226532707
Published online February 2013 | e-ISBN: 9780226532721 | DOI:
And of Outside Directors

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This chapter explores the dynamics and details of corporate governance in Japan. It examines the composition of boards of directors and implications of market competition for patterns of firm governance. The analysis reveals that Japanese firms are neither short of outside directors nor badly governed and that bad corporate governance cannot be blamed for the 1990s recession. It explains that Japanese firms, like firms in other competitive capitalist countries, survive only if they adopt governance mechanisms appropriate to the markets within which they must compete.

Keywords: corporate governance; Japan; board of directors; market competitions; outside directors; recession

Chapter.  11133 words. 

Subjects: International Economics

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